2024 choice?31 Oct 2020 23:48
I do believe VIN will try to keep Dividend against the trend if possible, they have made it clear that we will get chance to have the NAV returned to shareholders in vote in 2024 I noted that the loan taken out to repay 15million at 11% in march 2021 was taken out early at net rate of 3.1% is repayable in 2026 so suspect if shareholder decide to wind up they will take a slow 2 year sell up to realise best prices, so to a point paying a dividend out of capital till then doesn't make too much difference they will also be cutting interest payments heavily after March 2021 on loan repayment. Little is safe at moment but a 31% discount on NAV seems a bit excessive.